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12609 Sunshine Lane

Treasure Island, FL 33706
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Bed 5

Bed

Bath 3

Bath

SqFt2,028

Sqft

Acres0.28

Acre(Lot)

Own one of Treasure Island's rarest beachfront compounds. Featuring The Pink Flamingo and The Blue Dolphin—two fully renovated Gulf-front homes generating nearly $300,000 in annual gross rental income—this turnkey legacy property offers the perfect blend of luxury living, proven cash flow, and irreplaceable direct beach frontage. Celebrated for their distinctive 1950s retro coastal theme, The Pink Flamingo and The Blue Dolphin have become iconic beachfront destinations, where vintage Old Florida charm meets modern comfort. Every detail has been thoughtfully designed to capture the nostalgia of a bygone era while providing today's guests with the quality and amenities they expect. The result is a truly memorable experience that has earned nothing but 5-star reviews and a loyal base of re peat visitors who return year after year. Behind the timeless aesthetic lies a property that has been meticulously updated for peace of mind and long-term value. Both homes feature impact-rated windows and doors, combining enhanced storm protection with energy efficiency, quiet interiors, and abundant natural light—all while preserving their unique character and curb appeal. With an established rental business, proven financial performance, and nearly $300,000 in annual gross revenue, you'll step into immediate cash flow while enjoying the flexibility to use the property however you choose. Live in one home and rent the other, continue operating both as premier vacation rentals, or create the ultimate multi-generational beachfront retreat for family and friends. The Pink Flamingo offers spacious accommodations, vibrant retro-inspired décor, and breathtaking Gulf views that make every stay unforgettable. Just steps away, The Blue Dolphin complements the experience with its own distinctive personality and inviting atmosphere, creating the perfect pairing for larger groups, extended families, or dual rental opportunities. Together, they form a one-of-a-kind beachfront compound that simply cannot be replicated. Step outside and the Gulf of Mexico becomes your backyard. Spend your mornings with coffee overlooking the water, your afternoons with your toes in the sugar-white sand, and your evenings watching spectacular sunsets from your private beachfront oasis. It's the quintessential Florida lifestyle that guests rave about and one that few properties can truly offer. For investors, the value extends well beyond the real estate itself. You're acquiring an established hospitality business with a proven operating history, exceptional guest satisfaction, and a recognizable identity that sets it apart in a competitive market. The combination of all 5-star ratings, repeat clientele, and turnkey operations provides a solid foundation for continued success from day one. Perfectly situated in the heart of Treasure Island, you're just minutes from waterfront dining, shopping, boating, entertainment, and John's Pass while still enjoying the privacy and tranquility of direct beachfront living. Properties offering two separate Gulf-front homes, a proven six-figure income stream, distinctive branding, modern upgrades, and an irreplaceable location are extraordinarily rare. The Pink Flamingo and The Blue Dolphin are more than vacation rentals—they are beloved destinations that blend nostalgia, luxury, and investment potential into one unforgettable opportunity. Note - There is also a second lot included that is in front of the lot with the houses.

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Detail Ic Property Details

Property Type : Residential

Price : $3,250,000

AD Id : 77999551

MLS Id : MFRW7885505

Beds : 5

Lot Size : 0.28 Acre

Living Area Size : 2,028

Year Built : 1951

County : Pinellas

Subdivision: Coney Island

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Feature Features

  • Bedroom Information

    Total Bedroom: 5

    Bathroom Information

    Total Baths: 3 Full Baths: 3

    Interior Features

    Ceiling Fans(s), Stone Counters, Window Treatments Roof: Built-Up Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer Laundry Features: Outside

    Roofing Information

    Built-Up
  • Flooring Information

    Flooring: Luxury Vinyl, Tile Construction Materials: Block, Frame
  • Heating & Cooling

    Heating: Central, Electric, Heat Pump Cooling: Central Air, Mini-Split Unit(s) Water front: 1 WaterSource: Public

  • Building Information

    Year Built: 1951
  • Exterior Features

    Lighting, Private Entrance, Private Yard Construction Materials: Block, Frame Foundation Details: Slab, Stilt/On Piling

  • Lot Information

    Lot Dimensions: 39x100 Lot Square Feet: 3838 Lot Acres: 0.28 Lot Size (SqMt): 357

    Property Information

    Property Type: Residential Sub Type: Single Family Residence

  • Listing Price Information

    Original List Price:$3250000

  • Tax Information

    Tax Block: 4 Tax Book Number: 5-34 Tax Lot: 3 Tax Legal Description: CONEY ISLAND BLK 4, LOT 3 Annual Tax: $5293.65 Tax Year: 2025 Parcel Number: 15-31-15-17784-004-0030

  • Utility Information

    Cable Connected, Electricity Connected, Sewer Connected Sewer: Public Sewer Water Source: Public
  • Location Information

    Subdivision: CONEY ISLAND City: TREASURE ISLAND Direction: Driving South on Gulf Blvd and go over the bridge. Take your first right onto 127th. Take your first left onto Sunshine Lane. It is on your right.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
7711 Bayshore Drive, Treasure Island, FL, 33706 $1,999,990 4 4 2,943 2,943 SqFt
7797 W Gulf Boulevard #12, Treasure Island, FL, 33706 $524,900 2 2 830 830 SqFt
30 80th Avenue, Treasure Island, FL, 33706 $1,490,000 3 3 1,605 1,605 SqFt
8405 Bayshore Drive, Treasure Island, FL, 33706 $1,299,000 3 3 1,556 1,556 SqFt
8301 W Gulf Boulevard, Treasure Island, FL, 33706 $1,375,000 4 4 2,871 2,871 SqFt
15 Bellevue Drive, Treasure Island, FL, 33706 $849,900 3 2 1,966 1,966 SqFt
8403 W Gulf Boulevard, Treasure Island, FL, 33706 $749,000 1 2 844 844 SqFt
306 Bay Plz, Treasure Island, FL, 33706 $3,199,000 4 4 3,495 3,495 SqFt
8425 W Gulf Boulevard, Treasure Island, FL, 33706 $2,199,900 9 5 4,021 4,021 SqFt
8485 Blind Pass Drive, Treasure Island, FL, 33706 $1,799,900 3 2 2,076 2,076 SqFt
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ByOwner last updated this listing 07/17/2026 @ 18:20

MLS: MFRMLS #W7885505 LISTED BY: Robert Bello, JR, DALTON WADE INC 888-668-8283 SOURCE: MFRMLS (My Florida Regional MLS DBA Stellar MLS) (Listings courtesy of MFRMLS (My Florida Regional MLS DBA Stellar MLS) as distributed by MLS GRID)

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